PROS Launches Next-Generation Intelligent SaaS Editions to Drive Harmonized and Interconnected Omnichannel Sales Experiences for Every Business

PROS Launches Next-Generation Intelligent SaaS Editions to Drive Harmonized and Interconnected Omnichannel Sales Experiences for Every Business

Composable paths addressing spectrum of pricing and selling use cases accelerate time to value; ability to optimize revenue profitably in constantly changing market contexts Industry-first Extensible AITM reduces total cost of ownership of AI, fueling digital selling

HOUSTON–(BUSINESS WIRE)–PROS® (NYSE: PRO) today announced next-generation intelligent SaaS editions for the PROS Platform designed to drive a harmonized and interconnected selling motion within and across key components of the commercial engine: direct sales, partner, marketplace and self-service interactions to next-generation digital channels. With PROS Smart Price Optimization and Management and PROS Smart Configure Price Quote editions, every business can dynamically adapt their digital selling strategy to a highly fluid market while optimizing revenue profitably in constantly changing market contexts.

According to Gartner, by 2025, 80% of B2B sales interactions will occur in digital channels1 and while many businesses transact digitally, they fail to connect eCommerce, marketplaces and other digital channels with traditional sales-assisted interactions. Despite ongoing digital transformation initiatives, few organizations can execute harmonized and interconnected omnichannel sales experiences due to the disparate silos comprising the commercial engine, competing business priorities and disconnected technologies. Industry experts now warn that 20-40%2 of a B2B organization’s customer base could be at risk to competitors if they cannot effectively engage customers in this rapidly changing environment.

Next-Generation Pricing and Selling SaaS Editions: Faster Time to Value

PROS next-generation Pricing and Selling SaaS editions are now available to every business, regardless of size, as composable paths spanning simple to more advanced use cases, allowing for quick adoption of digital selling capabilities based on an organization’s business objectives. The pricing, selling and ecommerce paths feature proven, trusted business AI, dynamic pricing and the ability to scale to the broader PROS Platform capabilities. Included within each edition are defined implementation services, support, access to product training and more to accelerate time to value from digital selling investments.

PROS Smart Price Optimization and Management Editions

  • Essentials: Harness the power of rules and formulae to define, manage and evolve omnichannel pricing strategies
  • Advantage: Add the power of AI to constantly optimize omnichannel pricing strategies and manage customer purchasing agreement workflows
  • Ultimate: Add market leading supply and demand forecasting capabilities and run proprietary algorithms on the PROS Platform

PROS Smart Configure Price Quote Editions

  • Essentials: Streamline the end to end sales quoting process for standard off the shelf products
  • Advantage: Add the ability to configure products, create bills of materials and customer purchasing agreements workflows
  • Ultimate: Infuse selling processes with advanced AI designed to prevent customer churn, expand share of wallet and automate even more seller administrative work

“For businesses to outperform, regardless of industry, channel ubiquity is a must, it is simply table stakes,” said PROS President and CEO Andres Reiner. “Every business – whether a $100M, $100B or anywhere in between – must reconsider the interconnectedness and channel fluidity a true omnichannel sales experience requires to meet customers’ expectations every time, all the time, in every channel. With the PROS Platform, businesses have the agility required to adapt to their constantly changing selling landscape and the increasing pace of change, driving industry-leading interconnected sales motions and powering profitable revenue growth under today’s most demanding market conditions.”

Industry-first: Extensible AITM

PROS is a pioneer and continued leader in AI and ML innovation and with this announcement, PROS extends its market leadership in proven, trusted business AI with the introduction of Extensible AITM.

Extensible AITM is an industry-first capability that empowers a business to balance proprietary innovation with ongoing system maintenance and management required to execute highly sophisticated AI systems underpinning omnichannel sales experiences.

Wholly proprietary AI systems are exceedingly fragile, as they are often reliant on singular points of failure or individuals that may move on to new assignments. Replacing AI skill sets is challenging and often expensive. Moreover, the teams, systems and infrastructure required to test, manage, secure and maintain proprietary AI systems and models turn the notion of harnessing AI for business benefit into a full-blown R & D project without defined timelines. This makes development and maintenance of an in-house, proprietary AI solution practically impossible for most businesses.

Businesses can now import proprietary algorithms and data for additional augmentation, exploration and deployment directly to the PROS Platform, vastly reducing the total cost of ownership for AI systems and reliance on in-house skill sets, infrastructure, security and maintenance required to manage business AI.

Wacker Chemie AG Revolutionizes Digital Selling with PROS

“PROS has been a trusted partner for us as we continue to revolutionize how we digitally sell in today’s complex market conditions,” said Wacker Chemie AG Chief Information Officer and Chief Digital Officer Dirk Ramhorst. “With the prescriptive insights PROS delivers, our salesforce is confidently engaging more accounts and yielding more productive business outcomes, regardless of channel, without compromising real-time costs or margin. PROS technology is a game-changer and the only option for future-proofing our digital selling strategy.”

About the PROS Platform

The PROS Platform enables organizations to constantly adapt to their market conditions, with proven AI-based capabilities for deep demand and margin forecasting, cost modeling, dynamic pricing and more to continuously feed daily decision-making and longer-term business strategy. The Platform helps eliminate barriers between stakeholders in the selling process to collaborate on a customer offer and drive it to a close while accelerating pricing and selling efficiencies to create greater margin and grow revenue profitably.

Availability

The latest PROS Platform editions are available now. For more information, visit https://pros.com/pros-platform/editions. To find out more about how PROS customers like HP, Wacker Chemie, Saint-Gobain and others are driving their digital selling initiatives with PROS, please visit: https://resources.pros.com/case-studies-testimonials.

About PROS

PROS Holdings, Inc. (NYSE: PRO) is a leading provider of SaaS solutions that optimize shopping and selling experiences. Built on the PROS Platform, these intelligent solutions leverage business AI, intuitive user experiences and process automation to deliver frictionless, personalized purchasing experiences designed to meet the real-time demands of today’s B2B and B2C omnichannel shoppers, regardless of industry. To learn more, visit www.pros.com.

Forward-looking Statements

This press release contains forward-looking statements, including statements about the functionality and benefits of SaaS shopping and selling optimization solutions to organizations generally as well as the functionality and benefits of PROS software products. The forward-looking statements contained in this press release are based upon PROS historical experience with AI-powered solutions and its current expectations of the benefits of SaaS shopping and selling optimization solutions for organizations that implement and utilize such software. Factors that could cause actual results to differ materially from those described herein include the addressability of an organization’s SaaS shopping and selling optimization solution needs, the risks associated with PROS developing and enhancing products with the functionality necessary to deliver the stated results and the risks associated with the complex implementation and maintenance of SaaS shopping and selling optimization solutions such as PROS software products. Additional information relating to the uncertainty affecting the PROS business is contained in PROS filings with the Securities and Exchange Commission. These forward-looking statements represent PROS expectations as of the date of this press release. Subsequent events may cause these expectations to change, and PROS disclaims any obligations to update or alter these forward-looking statements in the future whether as a result of new information, future events or otherwise.

1 Gartner. (2020, September). The Future of Sales in 2025: A Gartner Trend Insight Report. https://www.gartner.com/en/documents/3989951/the-future-of-sales-in-2025-a-gartner-trend-insight-repo

2 PROS, Hanover. (2020, June). How COVID-19 is Changing B2B Buying. https://resources.pros.com/ebooks/how-covid-19-change-b2b-buying?referral=content_recommendation

Amanda Parrish

[email protected]

832-924-4731

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Online Retail Retail Data Management Technology Software

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Save A Lot Embarks on Enterprise-wide Technology Transformation With Aruba ESP

Save A Lot Embarks on Enterprise-wide Technology Transformation With Aruba ESP

Leading U.S. Discount Grocery Chain Chooses Aruba to Enable its Mobile-first, Cloud-first Initiatives as it Transitions to a Wholesale Business Model

SANTA CLARA, Calif.–(BUSINESS WIRE)–
Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), today announced that Save A Lot, one of the largest discount grocery store chains in the U.S., is deploying an Aruba ESP (Edge Services Platform) network to support a technology transformation initiative across its entire organization. By rolling out the Aruba infrastructure in its St. Louis, MO headquarters, thirteen wholesale distribution centers, and nearly 1,000 retail stores in 32 states, Save A Lot will enable more modern, mobile- and cloud-first environments.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210713005210/en/

Save A Lot, one of the largest discount grocery store chains in the U.S., is deploying an Aruba ESP network to support a technology transformation initiative across its entire organization. (Photo: Save A Lot)

Save A Lot, one of the largest discount grocery store chains in the U.S., is deploying an Aruba ESP network to support a technology transformation initiative across its entire organization. (Photo: Save A Lot)

As a neighborhood grocer, Save A Lot provides unmatched quality and value to local families and communities. In an effort to become the brand of choice for its customers, the company is currently in the process of transitioning to a wholesale model that is key to its future growth and expansion. A critical piece of this transformation is providing secure and reliable connectivity in its distribution centers where Save A Lot’s product selectors were grappling with a slow and inefficient network. In addition, the company wants to ensure that its new state-of-the-art headquarters, supporting more than a thousand users and their countless devices, becomes a collaborative, mobile-first space.

Save A Lot turned to Aruba to implement a full suite of Aruba ESP solutions, delivered by its service provider, AT&T, as a managed service. Save A Lot is using Aruba access switches, Wi-Fi 6 access points and mobility controllers, ClearPass Policy Manager for full wired and wireless network access control, and Aruba Central for cloud-based management – a key requirement for the company.

AT&T will provide site surveys, structured cabling, installation and management of the Aruba ESP solution for Save A Lot. AT&T’s comprehensive site surveys gather environmental data such as the cable distances, MDF/IDF locations, pictures, RF noise floor, competing Wi-Fi networks and other outside interference to help provide the best coverage possible. The service will also allow Save A Lot to utilize many different IoT devices across the Wi-Fi platform.

“We believe Aruba will be a critical unlock for our IT infrastructure and are thrilled to be working with the team to implement a broad range of solutions designed to help us maximize productivity in all of our facilities,” said Jennifer Hopper, chief information officer at Save A Lot. “Whether in our distribution centers, home office or our stores, empowering our team members with fast and frictionless network access is a top priority. I’m confident Aruba will help us deliver an outstanding experience that will help us further accelerate our transformation.”

Aruba Central’s ability to provide a single pane of glass for management of the unified infrastructure, Zero Touch Provisioning for quick and easy configuration and maintenance, and APIs for critical integrations – in particular with ServiceNow and Splunk – were all key factors in Save A Lot’s decision to select Aruba ESP, as well as ClearPass.

“ClearPass is foundational to our network security strategy going forward; it ties together different technologies in our ecosystem to provide a secure and reliable network experience for our users,” Hopper said. “With ClearPass, we’re able to create a Zero Trust environment and embrace capabilities like dynamic segmentation that are crucial for our varied distribution centers, retail stores, and office environments, ensuring that all users and devices can be securely onboarded to the network.”

For Save A Lot’s new corporate headquarters, the Aruba ESP infrastructure is core to enabling the collaborative, mobile-first space that Save A Lot has envisioned. Employees leverage smart conference rooms throughout the facility, use collaboration tools like Microsoft Teams to conduct business, and leaders regularly use video broadcasts to communicate with and provide strategic business updates to employees in the distribution centers and stores.

With Aruba ESP, Save A Lot can support a greater number of users and devices at improved speeds and without sacrificing reliability. Hopper noted Aruba’s new infrastructure will make it possible for someone to take a Teams call and walk from one side of the building to the other without the call dropping.

“We’re excited about the integration between Aruba and Microsoft, which makes collaboration seamless and reliable for our users,” she added.

The Aruba infrastructure is also advantageous for Save A Lot’s retail stores. With Aruba Central, the company now has a centralized, cloud-based platform to manage all aspects of its network, allowing expansion of mobile devices, new technologies and applications, and IoT devices.

Save A Lot plans to complete phase one of its Aruba ESP deployment by the end of October 2021, which will include seven of its distribution centers, its St. Louis-based corporate stores, and its headquarters. In phase two, the company will connect the remaining distribution centers and complete the rollout to its licensed partners for the remaining retail stores.

About Save A Lot

Founded in 1977, Save A Lot is one of the largest discount grocery store chains in the U.S. with approximately 1,000 stores in 32 states and 13 wholesale distribution centers. Save A Lot remains true to its mission of being a neighborhood grocer, providing unmatched quality and value to local families. Customers enjoy significant savings compared to traditional grocery stores on great tasting, high quality private label brands, national brand products, USDA-inspected meat, farm-fresh fruits and vegetables, and other non-food items. Save A Lot is division of Moran Foods, a premier wholesale grocery distribution company specializing in private brand procurement and supply. For more information, visit SaveALot.com and follow Save A Lot on Facebook (facebook.com/savealot) and Instagram (@SaveALotFoodStores).

About Aruba, a Hewlett Packard Enterprise company

Aruba, a Hewlett Packard Enterprise company, is the global leader in secure, intelligent edge-to-cloud networking solutions that use AI to automate the network, while harnessing data to drive powerful business outcomes. With Aruba ESP (Edge Services Platform) and as-a-service options, Aruba takes a cloud-native approach to helping customers meet their connectivity, security, and financial requirements across campus, branch, data center, and remote worker environments, covering all aspects of wired, wireless LAN, and wide area networking (WAN).

To learn more, visit Aruba at www.arubanetworks.com. For real-time news updates, follow Aruba on Twitter and Facebook, and for the latest technical discussions on mobility and Aruba products, visit the Airheads Community at community.arubanetworks.com.

Kathleen Keith

Aruba, a Hewlett Packard Enterprise company

+1-707-529-4507

[email protected]

Sarah Griffin

Director of PR & Community Engagement

Save A Lot

[email protected]

KEYWORDS: United States North America California Missouri

INDUSTRY KEYWORDS: Mobile/Wireless Technology Discount/Variety Supermarket Telecommunications Software Networks Internet Hardware Retail

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Save A Lot, one of the largest discount grocery store chains in the U.S., is deploying an Aruba ESP network to support a technology transformation initiative across its entire organization. (Photo: Save A Lot)

The Kraft Heinz Company to Report Second Quarter 2021 Results on Aug. 4, 2021

The Kraft Heinz Company to Report Second Quarter 2021 Results on Aug. 4, 2021

PITTSBURGH & CHICAGO–(BUSINESS WIRE)–
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) will release its second quarter 2021 financial results on Wednesday, Aug. 4, 2021. A press release and supplemental materials will be issued before the market opens. Kraft Heinz management will then host a live question-and-answer session with analysts beginning at 9:00 a.m. Eastern Daylight Time.

The earnings release, supplemental materials, and audio of Kraft Heinz’s question-and-answer session can be accessed at ir.kraftheinzcompany.com. A replay will be available following the event through the same website.

ABOUT THE KRAFT HEINZ COMPANY

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2020 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

Michael Mullen (media)

[email protected]

Christopher Jakubik, CFA (investors)

[email protected]

KEYWORDS: United States North America Illinois Pennsylvania

INDUSTRY KEYWORDS: Restaurant/Bar Food/Beverage Retail Supermarket Convenience Store

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Adamis Urges Stockholders to Vote to Reelect the Company’s Board of Directors at Upcoming Annual Meeting on Friday, July 16th

Adamis Urges Stockholders to Vote to Reelect the Company’s Board of Directors at Upcoming Annual Meeting on Friday, July 16th

SAN DIEGO–(BUSINESS WIRE)–
Adamis Pharmaceuticals Corporation (NASDAQ: ADMP) (“Adamis” or the “Company”) today urged its valued stockholders to vote to reelect all five members of the Company’s Board of Directors (the “Board”) at the upcoming Annual Meeting of Stockholders (the “Annual Meeting”) on July 16, 2021. In addition, the Board issued the following statement:

“Ahead of this year’s Annual Meeting, the Board prioritized engaging with stockholders and gathering feedback regarding the Company’s governance, operational priorities and overall strategy. We very much appreciate that a large cross-section of stockholders ultimately provided their candid viewpoints to us and our representatives. The Board is committed to factoring these important views into its go-forward plans. While the road to value creation in the biotechnology and pharmaceutical industries is often bumpy, we firmly believe that Adamis now has tangible pipeline momentum that can be built on over the next year. The Board will focus on putting stockholders’ interests first and making decisions that can position Adamis to become a source of enduring value for investors, patients, providers and society as a whole.”

For more information about the Company’s strategic priorities and high-potential pipeline, please view our updated investor presentation here.

About Adamis Pharmaceuticals

Adamis Pharmaceuticals Corporation is a specialty biopharmaceutical company primarily focused on developing and commercializing products in various therapeutic areas, including allergy, opioid overdose, respiratory and inflammatory disease. The Company’s SYMJEPI (epinephrine) Injection products are approved by the FDA for use in the emergency treatment of acute allergic reactions, including anaphylaxis. Adamis’ naloxone injection product candidate, ZIMHI, for the treatment of opioid overdose is currently under FDA review. Adamis is developing additional products, including treatments for acute respiratory diseases, such as COVID-19, and radiation dermatitis. The company’s subsidiary, US Compounding Inc. (“USC”), compounds sterile prescription drugs, and certain nonsterile drugs for human and veterinary use by hospitals, clinics, surgery centers, and vet clinics throughout most of the United States. For additional information about Adamis Pharmaceuticals, please visit www.adamispharmaceuticals.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that express plans, anticipation, intent, contingencies, goals, targets or future development and/or otherwise are not statements of historical fact. These statements relate to future events or future results of operations, including, but not limited to the following statements: the Company’s beliefs concerning the safety and effectiveness of Tempol and the Company’s other product candidates; the timing of commencement or completion of any studies or trials relating to Tempol and the availability of funding for studies or trials; the results of any studies or trials that the Company may conduct relating to Tempol; the Company’s ability to successfully commercialize the products and product candidates described in this press release, itself or through commercialization partners, and the Company’s beliefs concerning the commercial success of its products; future regulatory actions relating to the Company’s New Drug Application (“NDA”) relating to its ZIMHI product; the Company’s beliefs concerning the benefits, enforceability, and extent of intellectual property protection afforded by patents and patent applications that it owns or has licensed and its rights under applicable license agreements, and its ability to enforce its patents and other intellectual property rights against third parties; the Company’s expectations concerning future growth; expectations and statements about the Company’s strategies, objectives, future goals and achievements; and other statements concerning our future operations, activities and financial results. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, which may cause Adamis’ actual results to be materially different from the results anticipated by such forward-looking statements. There can be no assurances regarding the outcome of trials or studies relating to Tempol or that Tempol will be found to be safe and effective in the treatment of COVID-19 or any other indication. There can be no assurances that future sales of SYMJEPI will meet our expectations. There can be no assurances regarding the timing or outcome of the FDA’s review of our resubmitted NDA relating to ZIMHI, or that the Company will be able to successfully take any actions or develop any additional information that the FDA may require in connection with its review of the resubmitted NDA for ZIMHI. There can be no assurances that the FDA will consider the Company’s responses included in the resubmitted NDA relating to ZIMHI as satisfactory, or that the product will be able to compete successfully in the market if approved and launched. The Company may not achieve one or more of the future goals described in the press release either within the anticipated time periods or at all. In addition, as previously disclosed, each of the Company and USC previously received a subpoena from the U.S. Attorney’s Office for the Southern District of New York issued in connection with a criminal investigation. Accordingly, all forward-looking statements are subject to the outcome of this investigation, as well as the related investigation being conducted by the Company’s Audit Committee. We cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as may be required by applicable law, we undertake no obligation to update or release publicly the results of any revisions to these forward-looking statements or to reflect events or circumstances arising after the date of this press release. Certain of these risks and additional risks, uncertainties, and other factors are described in greater detail in Adamis’ filings from time to time with the SEC, including its annual report on Form 10-K for the year ended December 31, 2020 and subsequent filings with the SEC, which Adamis strongly urges you to read and consider, all of which are available free of charge on the SEC’s web site at http://www.sec.gov.

Saratoga Proxy Consulting

John Ferguson / Ann Marie Mellone, 212-257-1311

[email protected] / [email protected]

MKA

Greg Marose, 646-386-0091

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Infectious Diseases Biotechnology Pharmaceutical Health

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Joby Aviation, JetBlue and Signature Announce Pathway to Utilization of Electric and Hydrogen Aviation Credits

Joby Aviation, JetBlue and Signature Announce Pathway to Utilization of Electric and Hydrogen Aviation Credits

 

SANTA CRUZ, Calif.–(BUSINESS WIRE)–
Joby Aviation (“Joby”), a California-based company developing all-electric aircraft for commercial passenger service, today announced it is working with JetBlue Airways (NASDAQ: JBLU “JetBlue”) and Signature Flight Support (“Signature”) to forge a new path toward net-zero emissions in the aviation industry that will incentivize the rapid commercialization of clean propulsion systems.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210713005619/en/

Joby’s all-electric prototype aircraft soars above the company’s Electric Flight Base in central California. (Photo: Business Wire)

Joby’s all-electric prototype aircraft soars above the company’s Electric Flight Base in central California. (Photo: Business Wire)

Joby, JetBlue and Signature are working together to ensure the carbon markets for aviation include the generation of credits for flights powered by green electric and hydrogen propulsion technologies, effectively connecting today’s airlines and operators to the development of sustainable solutions.

Joby is developing an electric vertical take-off and landing (“eVTOL”) aircraft that will quietly transport a pilot and four passengers up to 150 miles while producing zero operating emissions. The company’s aerial ridesharing service, which Joby intends to launch in 2024, will enable revolutionary ways for people to move in and around cities while reducing ground traffic congestion and carbon emissions.

Together, the three partners will work to define the framework for the creation, validation and eventual use of these new credits on aviation carbon markets, including identifying a third party to oversee and validate transactions. The companies expect to confirm further details of the structure later this year.

Sustainable aviation fuel (“SAF”), fuel efficiencies, and out-of-sector investments are the best solutions available today for environmentally-conscious airlines and operators to reduce and offset their emissions. The three companies recognize that operations using electric and hydrogen propulsion technologies are in their nascent stages, but in the near term these operations will begin to reduce emissions in the short-haul category on a per-seat-mile basis.

Electric and hydrogen propulsion technologies will play an increasingly critical role in further driving down the sector’s emissions and the establishment of carbon credits generated by green aviation will create a powerful economic incentive that accelerates the industry’s transition beyond fossil fuels.

“With JetBlue and Signature, we’re opening up an entirely new path for the aviation industry to more quickly move to sustainable energy sources,” said JoeBen Bevirt, founder and CEO of Joby Aviation. “We invite additional partners to join us and hope these agreements will be the first of many that link today’s air travel to the clean future of flight.”

In 2020, JetBlue became the first U.S. airline to achieve carbon neutrality for all of its domestic flights through the purchase of carbon offsets from solar, wind and forestry projects all across the globe.

“This partnership allows JetBlue to not only continue to fulfill our domestic carbon neutrality commitment, but also evolve the type of offsets we purchase and help support the development of electric and hydrogen aviation — critical levers for meeting the U.S. aviation industry’s net-zero goals,” said Sara Bogdan, Head of Sustainability and Environmental Social Governance at JetBlue.

JetBlue continues to invest in Joby’s success through its venture capital subsidiary, JetBlue Technology Ventures.

In 2020, Signature set ambitious carbon reduction targets and was one of the world’s largest purchasers of SAF. The company has invested heavily in eco-friendly facility design, construction, and operations in the last five years.

“Signature has long been the leader in moving the business aviation community towards a sustainable future,” said Tony Lefebvre, CEO at Signature Flight Support.

“Today, we offer our customers the option to offset emissions at airports where SAF isn’t readily available with a book-and-claim model. We’re excited to expand that model through this partnership to include the purchase of electric aviation credits from clean operators like Joby — all while supporting the innovative spirit that brings us closer every day to making flight sustainable for everyone.”

Further information

Why is it important to create a market for electric aviation credits?

The aviation industry accounts for just 3 percent of global greenhouse gas emissions, but is proving one of the most difficult sectors to decarbonize. The maturity of electric and hydrogen propulsion technologies will bolster efforts already underway to use sustainable fuels and out-of-sector investments to reduce the sector’s net emissions.

Carbon markets being established for aviation should include the commercial operations of these new, green aircraft in order to create a direct, in-sector way for today’s environmentally-conscious airlines and operators to offset their emissions from conventionally-powered aircraft and support the green future of flight at the same time.

How are these electric credits created?

Credits are generated by the reduction in emissions achieved by electric- or hydrogen-powered commercial flights in comparison to flights powered by an energy-equivalent amount of conventional jet fuel. Operators such as Joby will conduct an analysis of aircraft energy usage, measure emissions based on the source of the power used by the aircraft and generate credits commensurate with the emissions reduction achieved.

Will these credits be verified or validated in any way?

Electric and hydrogen credits will be traded following similar principles to those used in developing marketplaces for SAF credits. Operators will commit to independent verification of aircraft energy usage and a transparent, verifiable process will be established for all credit transactions.

About Joby Aviation

Joby Aviation is a California-headquartered transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which can travel up to 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs more than 800 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington D.C. and Munich, Germany. To learn more, visit www.jobyaviation.com.

About JetBlue Airways

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers across the U.S., Caribbean and Latin America. For more information, visit jetblue.com.

About Signature Flight Support

Signature Flight Support is the world’s largest fixed-base operation (FBO) and distribution network for business aviation services. Signature services include fueling, hangar and office rentals, ground handling, maintenance and a wide range of crew and passenger amenities at strategic domestic and international locations. Headquartered in Orlando, Florida, Signature currently operates at more than 200 locations in the United States, Europe, South America, Africa and Asia. For more information, please visit www.signatureflight.com.

Media:

For Joby Aviation

Investors:

[email protected]

+1-831-201-6006

Media:

[email protected]

For JetBlue Airways:

JetBlue Corporate Communications

Tel: +1.718.709.3089

[email protected]

For Signature Flight Support:

Matt Carroll

Senior Vice President, Marketing

[email protected]

Tel: +1 407 206 5212

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Air Environment Technology Transport Other Technology Transportation Travel

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Joby’s all-electric prototype aircraft soars above the company’s Electric Flight Base in central California. (Photo: Business Wire)

Reinvent Technology Partners Z Announces Extraordinary General Meeting of Shareholders to Approve Business Combination with Hippo

Reinvent Technology Partners Z Announces Extraordinary General Meeting of Shareholders to Approve Business Combination with Hippo

Extraordinary General Meeting of Shareholders to be Held on July 29, 2021

NEW YORK–(BUSINESS WIRE)–
Reinvent Technology Partners Z (“RTPZ”) (NYSE: RTPZ), a special purpose acquisition company (“SPAC”) that takes a “venture capital at scale” approach, today announced that the Extraordinary General Meeting of Shareholders (“Extraordinary Meeting”) to vote on the approval and adoption of RTPZ’s business combination agreement with Hippo Enterprises Inc. (“Hippo”), the home insurance group that created a new standard of care and protection for homeowners, will be held on July 29, 2021 at 9:00 a.m. Eastern time.

Shareholders of record as of the close of business on June 21, 2021 are entitled to vote at the Extraordinary Meeting. The business combination, if approved by RTPZ shareholders, is expected to close as soon as practicable following the Extraordinary Meeting. Upon the closing of the business combination, RTPZ will change its name to Hippo Holdings Inc., (“Hippo Holdings”) and Hippo Holdings’ shares and warrants are expected to trade on the New York Stock Exchange under the ticker symbol “HIPO” and “HIPO.WS,” respectively.

A definitive proxy statement and other relevant documents will be mailed to shareholders of record of RTPZ as of the close of business on June 21, 2021. Shareholders are encouraged to read the proxy statement and accompanying documents in their entirety. Shareholders can also obtain free copies of the proxy statement and all relevant documents filed or that will be filed with the U.S Securities and Exchange Commission (“SEC”) by RTPZ (when available) through the website maintained by the SEC at http://www.sec.gov. The documents filed by RTPZ with the SEC may also be obtained free of charge at RTPZ’s website at https://z.reinventtechnologypartners.com or by written request to: Reinvent Technology Partners Z, 215 Park Avenue, Floor 11, New York, NY 10003.

Shareholders of RTPZ are encouraged to submit their vote as soon as possible to ensure they are represented at the Extraordinary Meeting. RTPZ has engaged Morrow Sodali LLC (“Morrow Sodali”) as its proxy solicitor in connection with the Extraordinary Meeting. Shareholders needing assistance in voting their RTPZ shares can contact Morrow Sodali by calling 800-662-5200, or banks and brokers can call collect at 203-658-9400, or by emailing [email protected].

An Extraordinary General Meeting of Public Warrant Holders to vote on the approval of certain amendments to the warrant agreement between RTPZ and Continental Stock Transfer & Trust Company, as warrant agent, will be held shortly thereafter on the same date.

About Hippo

Hippo offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. Our goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, we are creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California, with offices in Austin and Dallas, Texas, and has insurance products available to more than 80 percent of U.S. homeowners in 37 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit www.hippo.com.

About RTPZ

RTPZ is a special purpose acquisition company led by Reid Hoffman, Mark Pincus and Michael Thompson, that takes a “venture capital at scale” approach. RTPZ was formed to support a technology business to innovate and achieve entrepreneurship at scale by leveraging its team’s operating expertise as founders of iconic technology companies, their experience building companies as advisors and board members, and the capital raised in its initial public offering.

Important Information for Investors and Stockholders

This communication relates to a proposed transaction between RTPZ and Hippo. This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. RTPZ has filed a registration statement on Form S-4 with the SEC, which includes a document that serves as a prospectus and proxy statement of RTPZ, referred to as a proxy statement/prospectus. The proxy statement/prospectus will be sent to all RTPZ shareholders. RTPZ also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of RTPZ are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by RTPZ through the website maintained by the SEC at www.sec.gov. The documents filed by RTPZ with the SEC also may be obtained free of charge at RTPZ’s website at https://z.reinventtechnologypartners.com or upon written request to 215 Park Avenue, Floor 11 New York, NY.

Participants in the Solicitation

RTPZ and Hippo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from RTPZ’s shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of RTPZ and information regarding their interests in the business combination is contained in the proxy statement/prospectus. You may obtain free copies of these documents as described in the preceding paragraph.

Forward Looking Statements

This communication may be deemed to include certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between RTPZ and Hippo. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPZ’s securities; (ii) the risk that the transaction may not be completed by RTPZ’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RTPZ; (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the agreement and plan of merger governing the proposed transaction (the “Merger Agreement”) by the shareholders of RTPZ, the satisfaction of the minimum trust account amount following redemptions by RTPZ’s public shareholders and the receipt of certain governmental and regulatory approvals; (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction; (v) the inability to complete the PIPE investment in connection with the transaction; (vi) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Merger Agreement; (vii) the effect of the announcement or pendency of the transaction on Hippo’s business relationships, operating results, and business generally; (viii) risks that the proposed transaction disrupts current plans and operations of Hippo and potential difficulties in Hippo employee retention as a result of the transaction; (ix) the outcome of any legal proceedings that may be instituted against Hippo or against RTPZ related to the Merger Agreement or the proposed transaction; (x) the ability to maintain the listing of RTPZ’s securities on a national securities exchange; (xi) the potential volatility of the price of RTPZ’s securities due to a variety of factors, including changes in the competitive and highly regulated industry in which RTPZ plans to operate or Hippo operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPZ’s or Hippo’s business, and changes in the combined capital structure; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the transaction, and identify and realize additional opportunities; (xiii) changes in domestic and foreign business, market, financial, political, and legal conditions; (xiv) natural or man-made catastrophes such as wildfires, hurricanes, typhoons, earthquakes, floods, climate change (including effects on weather patterns, greenhouse gases, sea, land and air temperatures, sea levels, and rain and snow), nuclear accidents, pandemics (including COVID-19), or terrorism or civil unrest; (xv) the continued impact of COVID-19 and related risks; (xvi) the ability to collect reinsurance recoverable, credit developments of reinsurers, and any delays with respect thereto and changes in the cost, quality, or availability of reinsurance; (xvii) the actual amount of new and renewal business, market acceptance of products, and risks associated with the introduction of new products and services and entering new markets; (xviii) the ability to increase the use of data analytics and technology; and (xix) the ability to attract, retain, and expand RTPZ’s or Hippo’s customer base. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RTPZ’s registration on Form S-1 (File No. 333-249799), the registration statement to be filed on Form S-4 discussed above and other documents filed by RTPZ from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and RTPZ and Hippo assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither RTPZ nor Hippo gives any assurance that either RTPZ or Hippo or the combined company will achieve its expectations.

Investor Contacts:

Hippo: [email protected]

RTPZ: [email protected]

Media Contacts:

Colleen Hsia / Rachel Rosenblatt

FTI Consulting

[email protected]

Ed Trissel / Scott Bisang

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Insurance Finance

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UiPath Joins TSANet to Fast Track Automation to its Customers Globally

UiPath Joins TSANet to Fast Track Automation to its Customers Globally

UiPath is the first pure-play automation company to team up with TSANet

NEW YORK–(BUSINESS WIRE)–
UiPath (NYSE: PATH), a leading enterprise automation software company, today announced that it has joined TSANet (Technical Support Alliance Network), the industry’s largest vendor neutral support alliance, to fast track interactions with other vendors in resolving multi-party integration issues. By joining the TSANet ecosystem, UiPath will leverage other vendors’ engineering and customer success teams to ultimately reduce the resolution time for its mutual customers. UiPath, the first pure-play automation company to join the alliance, teams up with hundreds of TSANet Members including Google, IBM, Microsoft Corporation, Nutanix, Red Hat, and VMware.

UiPath offers the first end-to-end automation platform that addresses the full lifecycle of automation. With proven scalability and deployment flexibility, customers today leverage the UiPath platform as a key component in their technology offering to realize value faster. TSANet provides a framework for establishing and maintaining effective collaboration between engineering and customer success teams working on a common customer issue. This allows them to ultimately ensure a higher level of support to UiPath and other TSANet members’ clients.

“Direct and timely communication between technical and customer success teams is critical when resolving product integration issues that involve multiple parties or customizing the requirements of a shared customer,” said Michael Binder, UiPath Senior Vice President of Global Services. “TSANet allows us to have a single point of contact with more than 800 technology companies and facilitate collaboration between teams to solve integration issues faster and easier. This partnership is yet another critical activity in our commitment towards building and enabling a world-class partner network.”

TSANet President, Dennis Smeltzer, commented: “Enterprise automation has grown tremendously over the past several years, and collaboration between automation and other technology vendors is a necessity. Having UiPath as the first pure-play automation company to join the alliance is not only a major win for us, but also for the millions of customers our members serve each and every day.”

About UiPath

UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

Media Contact

Toni Iafrate

UiPath

[email protected]

Investor Relations Contact

Kelsey Turcotte

UiPath

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Other Manufacturing Technology Transport Other Technology Software Manufacturing Electronic Design Automation Logistics/Supply Chain Management Supply Chain Management Retail

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Consolidated Communications Delivering New Fiber Internet to 30,000 Vermont Residents

Consolidated Communications Delivering New Fiber Internet to 30,000 Vermont Residents

Consolidated Communications Bringing Symmetrical, 1-Gig Internet to Vermont Communities of Barre, Bellows Falls, Brattleboro, Fair Haven, Montpelier, Pittsfield, Proctor, Rutland and West Rutland

MONTPELIER, Vt.–(BUSINESS WIRE)–Consolidated Communications (NASDAQ: CNSL), a top 10 fiber provider, is delivering symmetrical, gigabit, fiber internet to more than 30,000 residents and businesses in Barre, Bellows Falls, Brattleboro, Fair Haven, Rutland, West Rutland, Pittsfield, Montpelier and Proctor, Vt., by end of September.

The new fiber-to-the-premises internet network, already available to 13,000 addresses in Brattleboro, Montpelier, and Bellows Falls, delivers reliable, high-speed connectivity with competitively priced plans for a wide range of needs. Symmetrical 1-gig service is available for $70 per month, including equipment and installation costs, and all residential plans include a one-year price lock with no contract required.

Fiber networks provide dependable connections supporting video conferencing for remote workers and learners; allowing the creation and uploading of high-bandwidth content; enabling easy use of smart-home devices, and streaming and gaming without interruption. In addition, with an always on, dedicated fiber connection, Consolidated customers can utilize their full bandwidth and no throttling, even during peak hours, with no data caps.

“High-speed internet is crucial for daily life, and a key benefit for towns like Bellows Falls,” said Scott Pickup, Bellows Falls Town Manager. “Attracting and retaining residents is much easier when we can offer all the amenities of a bigger city along with the immense quality of life benefits of a tight-knit community.”

Fiber networks also provide dependable connections supporting video conferencing for remote workers and learners; allowing the creation and uploading of high-bandwidth content; enabling easy use of smart-home devices, and streaming and gaming without interruption. In addition, with an always on, dedicated connection, Consolidated customers can utilize their full bandwidth and no throttling, even during peak hours, with no data caps.

“Thousands of residents and businesses in Vermont can now get some of the fastest internet speeds in the country,” said Erik Garr, president of consumer and small business services at Consolidated Communications. “Reliable fiber network connectivity drives economic development and creates new opportunities for businesses and residents. All in all, fiber internet improves the quality of life for people in cities large and small, rural and urban.”

Residents can visit consolidated.com/FiberLife or call 1-888-598-1785 to learn more about Consolidated’s new fiber internet and register or pre-register for service. Business owners can visit consolidated.com/fiberbiz to learn more about fiber at work.

The company is making significant progress on its five-year plan to bring symmetrical multi-gig fiber internet to 70% of its service area by 2025. In 2021, Consolidated’s fiber will reach 50,000 Vermonters and more than 200,000 Vermonters will have access to Consolidated fiber by 2025.

About Consolidated Communications

Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is dedicated to moving people, businesses and communities forward by delivering the latest reliable communications solutions. Consumers, businesses and wireless and wireline carriers depend on Consolidated for a wide range of high-speed internet, data, phone, security, cloud and wholesale carrier solutions. With a network spanning nearly 50,000 fiber route miles, Consolidated is a top 10 U.S. fiber provider, turning technology into solutions that are backed by exceptional customer support. Learn more at consolidated.com. Connect with us on social media.

Shannon Sullivan, Consolidated Communications

603-656-1521, [email protected]

Jennifer Spaude, Consolidated Communications

507-386-3765, [email protected]

KEYWORDS: United States North America Vermont

INDUSTRY KEYWORDS: Professional Services Small Business Technology Telecommunications Mobile/Wireless Networks Internet

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Cheerios Returns to Original CheeriOats Name to Celebrate its 80th Anniversary

Cheerios Returns to Original CheeriOats Name to Celebrate its 80th Anniversary

First introduced as CheeriOats, heart healthy Cheerios introduces retro, limited-edition packaging to celebrate milestone and remind consumers of its first ingredient: whole grain oats

MINNEAPOLIS–(BUSINESS WIRE)–
America’s number-one cereal brand is celebrating 80 years of putting whole grain oats on millions of breakfast tables every morning by reintroducing its original name and packaging: CheeriOats. The brand launched in 1941 and was one of the first cereals made with whole-grain, nutrient-packed oats formed into the iconic Os. The retro, limited-edition box will be hitting store shelves nationally in July.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210713005232/en/

Cheerios Returns to Original CheeriOats Name to Celebrate its 80th Anniversary (Graphic: Business Wire)

Cheerios Returns to Original CheeriOats Name to Celebrate its 80th Anniversary (Graphic: Business Wire)

“Cheerios has always been about the oats and we are using the 80th anniversary to remind consumers that soluble fiber from whole-grain oat foods, like those in Original and Honey Nut Cheerios cereals, can help lower cholesterol as part of a heart-healthy diet*,” said Kathy Dixon, Senior Brand Experience Manager for Cheerios. “With more than 100 million Americans having some form of heart disease, Cheerios is prioritizing the importance of heart health and wants to remind Americans that a happy, heart-heathy lifestyle can be fun, easy, and delicious.”

According to the Centers for Disease Control & Prevention (CDC), nearly 1 in 3 American adults have high cholesterol. To help support a healthy heart, medical experts recommend practicing healthy living habits, like maintaining a healthy weight, getting enough physical activity and eating a heart-healthy diet, which can include foods made with whole grain oats, that can help lower cholesterol like Original Cheerios and some/certain other Cheerios flavors.

More than 500 formulas were tested and more than 10 shapes and sizes were considered before General Mills experts found the ideal combination. In 1945, CheeriOats changed its name to Cheerios and since then the brand has been on a mission to inspire happy hearts.

Generations of families have memories that include Cheerios cereal so to celebrate its 80th birthday, Cheerios is asking fans to share their favorite Cheerios memories on social media for a chance to win 80 boxes of CheeriOats or a custom-made box. Consumers can share their favorite Cheerios memories on Facebook, Twitter and Instagram. Click www.cheerios.com/Cheerios80thSweepstakes for more information.

The limited-edition CheeriOats boxes will be available at major retailers nationwide starting in July while supplies last (MSPRP: $3.99 for 10.8oz boxes and $4.99 for 19.8oz boxes). Cheerios is also offering consumers a coupon to get $.80 off their next box of CheeriOats or any other Cheerios cereal flavor. To learn more about the history of Cheerios and its limited-edition box, visit Cheerios.com.

* Three grams of soluble fiber daily from whole grain oat foods, like Cheerios™ and Honey Nut Cheerios™ cereal, in a diet low in saturated fat and cholesterol, may reduce the risk of heart disease. Original Cheerios cereal provides 1.5 grams per serving. Honey Nut and certain other flavors of Cheerios cereal provide 0.75 grams per serving.

About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and being a force for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2021 net sales of U.S. $18.1 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.

General Mills

763-764-3739

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Women Seniors Parenting Packaging Food/Beverage Consumer Manufacturing Retail

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Cheerios Returns to Original CheeriOats Name to Celebrate its 80th Anniversary (Graphic: Business Wire)

RMR Mortgage Trust Closes $27.4 Million First Mortgage Bridge Loan Refinancing of an Office Property in Plano, Texas

RMR Mortgage Trust Closes $27.4 Million First Mortgage Bridge Loan Refinancing of an Office Property in Plano, Texas

NEWTON, Mass.–(BUSINESS WIRE)–RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $27.4 million first mortgage floating-rate bridge loan to refinance 500 N. Central Expressway in Plano, Texas, a five-story, 237,000 square foot, multi-tenant office property. RMRM’s manager, Tremont Realty Capital, was introduced to the transaction by Jones Lang LaSalle Incorporated, which advised the sponsor, MoxieBridge.

An initial advance of approximately $24.6 million was funded at closing with future advances of up to $2.8 million available for tenant improvements, leasing commissions and capital expenditures. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements.

Tom Lorenzini, President of RMRM, made the following statement:

“We continue to expand and diversify RMRM’s portfolio with the closing of this first mortgage whole loan. This loan fits squarely within our principal investment objective of investing in high quality loans secured by middle market and transitional commercial real estate supported by well capitalized sponsors and cash-flowing properties. RMRM is well positioned for continued portfolio growth with numerous attractive opportunities in our pipeline and ample liquidity available for investment.”

RMR Mortgage Trust (Nasdaq: RMRM) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. RMRM is managed by an affiliate of The RMR Group Inc. (Nasdaq: RMR). Substantially all of RMR’s business is conducted by its majority owned subsidiary, The RMR Group LLC, which is an alternative asset management company with $32 billion in assets under management and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about RMRM, please visit www.rmrmortgagetrust.com.

Tremont Realty Capital, on behalf of its capital sources, Tremont Mortgage Trust (Nasdaq: TRMT) and RMR Mortgage Trust (Nasdaq: RMRM), is a direct lender that invests in loans secured by middle market and transitional commercial real estate. Tremont Realty Capital is the trade name of Tremont Realty Advisors LLC, which is an affiliate of The RMR Group (Nasdaq: RMR). For more information about Tremont Realty Capital please visit www.tremontcapital.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever RMRM uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, RMRM is making forward-looking statements. These forward-looking statements are based upon RMRM’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by RMRM’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond RMRM’s control. For example:

  • This press release references recent loans closed and future plans to expand RMRM’s business as a commercial mortgage REIT and pursue its investment objective, which may imply that RMRM will close additional loans, that it will achieve its investment objective and that its business will continue to improve as a result. However, RMRM’s business and ability to execute loans and realize its investment objective are subject to various risks, including the competitive nature of the industry in which it operates, as well as other factors, many of which are outside its control, such as the current COVID-19 pandemic. These risks and other factors may prevent RMRM from successfully closing additional loans, executing its new business and realizing its investment objective. Further, once RMRM invests or commits its remaining capital, its ability to continue to grow and fund loans will be subject to its ability to obtain additional cost-effective capital or its redeploying proceeds from repayments of its loan investments.

The information contained in RMRM’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in RMRM’s periodic reports or incorporated therein, identifies other important factors that could cause RMRM’s actual results to differ materially from those stated in or implied by RMRM’s forward looking statements. RMRM’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, RMRM does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

A Maryland Statutory Trust with transferable shares of beneficial interest listed on the Nasdaq.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Kevin Barry, Manager, Investor Relations

(617) 658-0776

www.rmrmortgagetrust.com

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: REIT Finance Professional Services Commercial Building & Real Estate Construction & Property

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